Real Estate Market Snapshot: Trends and Insights for 24019

by Walter Grewe

Real Estate Market Snapshot: Trends and Insights for 24019

Median Estimated Home Value

As of June 30, 2024, the median estimated home value stands at $296,000. This represents a significant change over the past several years:

- Over the last 12 months, home values have increased by 7.84%.

- Over the last 24 months, there has been a 12.98% increase in home values.

- Over the last 36 months, home values have surged by 33.92%.

This data indicates a robust growth in the real estate market, with a strong upward trend in home values over the past three years.

Median List Price

The median list price as of June 30, 2024, is $367,000, showing notable changes over various time frames:

- In the last month, the list price has increased by 18.56%.

- Over the last three months, the list price has risen by 26.93%.

- Over the last 12 months, there has been a 13.07% increase in the list price.

- In the last 24 months, the list price has grown by 28.51%.

These figures highlight a dynamic market with substantial growth in list prices, particularly in the short term, suggesting high demand and a competitive market environment.

Median Sales Price

As of June 30, 2024, the median sales price is recorded at $325,000, with the following changes observed:

- Over the last month, sales prices have increased by 1.71%.

- In the last three months, there has been a 4.23% rise in sales prices.

- Over the last 12 months, sales prices have gone up by 12.61%.

- In the last 24 months, sales prices have increased by 18.16%.

The sales price trends indicate a steady growth, reflecting a healthy demand for homes and a positive outlook for sellers in the market.

Summary

The real estate market is experiencing robust growth across estimated home values, list prices, and sales prices. The substantial increases in values and prices over the past several months and years suggest a strong and competitive market, benefiting homeowners and investors alike. Whether you are looking to buy, sell, or invest, the current market trends indicate a favorable environment for real estate activities.

Are these trends impacting your real estate decisions? Leave a comment.